Chapter 601
At this time, Ding San was a top-notch player in the domestic Internet industry.
Once upon a time, he, Zhang Xuri of the Soohu, Wang Dong and others, were called the "Three Musketeers of the Internet". He was the most popular Internet person in China, and he was almost the "leader" of the domestic Internet industry.
However, due to the bursting of the Internet bubble in 2000, the domestic Internet industry has also undergone earth-shaking changes.
In 2001, at the beginning, the domestic Internet was busy licking its wounds from the bursting of the Internet bubble, and it seemed extremely calm. Then, starting from June, a series of things that could be called "blockbusters" came suddenly, making people feel like they were gradually fascinating, as if they couldn't understand the domestic Internet industry for a while.
First of all, Wang Dong. As the founder of Xinlang, Wang Zhi can be regarded as a very important existence of Xinlang. He has always been the president and CEO of Xinlang. However, the five directors of Xinlang suddenly announced at the board of directors that Wang Dong was removed from all positions in Xinlang.
This is simply disgusting with a huge uproar.
This is a situation that no one expected.
But Ding San had no time to mourn Wang Dong for his death, because he was also in dire straits at this time.
Just as Wang Dong was kicked out by Xinlang, the negotiations between NetEase and Xiangjiang Broadband Cable failed, and both the CEO and CFO ran away.
This series of events caught Ding San quite off guard. The most important thing is that after the online arts went public, according to regulations, they need to submit their annual reports before July 15 this year. However, the current CFO has left, and the acquisition negotiations with Broadband Cable have made Ding Sanjiao very disappointed, which has made it impossible for Net Art to do these things. Therefore, Net Art submitted a report to the CSRC, requesting that it delay for two weeks, and after trying all its means, it got a chance to breathe.
However, things changed on July 19. NetEase received a notice from the Nasdaq securities market, informing Nasdaq that it planned to suspend trading of NetEase's American depositary stocks in the Nasdaq national market when the market opened on the 27th of this month. The reason for this was that NetEase did not report financial reports in a timely manner. In order to punish the company for failing to submit annual reports in a timely manner, Nasdaq also changed its stock code of NetEase. NetEase's stock price immediately fell sharply, directly falling below the Nasdaq delisting warning line.
From 1999 to mid-2000, before encountering the Nasdaq cold water, the exaggerated atmosphere of China's Internet was rampant, and a group of ordinary operators or concept propagandists were circulating. Although these people made great contributions to the popularization of the concept of China's Internet, they praised them too much, which made them ignore the minimum professional standards, leading to the further spread of the trend of exaggeration.
However, in the West, finance and integrity are the key to a company's survival. Chinese companies should improve their awareness as soon as possible and integrate into the rules of the game.
At this time, Ding San finally began to realize the seriousness of the matter, so on the one hand, he immediately appointed a lawyer to negotiate with Nasdaq, and ordered a third-party audit to urge the audit report to be submitted as soon as possible. By the 27th, the matter eased a step further, and the financial report finally reached Nasdaq, and Nasdaq also agreed to review the financial report.
However, Ding San didn't know at all that it was this report that gave NetEase a valuable respite that pushed NetEase into the abyss. According to Nasdaq's survey, NetEase's net income in the fiscal year of 2000 was US$3.7 million, not the 7.9 million US dollars reported in the report. This means that the financial reports submitted by NetEase were fraudulent, and more than half of the extra report, up to US$4.2 million.
So, on September 5, Net Art received a notice from Nasdaq and was officially suspended.
This was undoubtedly an extremely dark day for Ding San.
It made Ding San feel exhausted.
From the first place in the "Top Ten Websites in China" held by the Internet Information Center twice, it has fallen to the current situation, which is like falling from heaven to hell.
I don’t know how many nights there were, Ding San woke up from the nightmare.
In fact, although Internet Art was able to be listed on Nasdaq, Ding San had also reflected on the future of the portal website. He has been thinking about where the future development prospects of the portal website are?
He was keenly aware that the needs of netizens seemed to be the direction the website should move forward.
Therefore, Internet art must find new profit channels and directions.
At this time, Ding San took a fancy to the online games that were in full swing in China.
Although the domestic online game market is still at an extreme that has just begun to sprout and develop, Ding San still keenly realized that online games are completely different from traditional stand-alone games, allowing him to see the huge market behind them.
Therefore, as early as the summer, although there was already a storm within the Internet Arts, Ding San still resolutely formed a game department and then developed a game.
After some discussion, they gradually planned some content for game development.
Based on the current classic movie "A Chinese Odyssey" as the basis, an online game of the same name is developed.
The game mode is determined to be turn-based.
Perhaps because of the influence of previous games, Ding San seems to have a special preference for such games.
In fact, they don’t have much experience in game development, and it took several months to plan the relevant situations.
By the end of August, the game officially entered the actual development stage, recruiting some artists to start designing the characters and related maps, etc.
Except for those things that bother Ding San, the others seemed to be moving towards what Ding San thought.
Although the storms outside almost made Internet art in a desperate situation, Ding San was always holding a sense of energy in his heart, and the game was the point that carried all his hopes.
But at this moment, he saw the relevant reports on "Fantasy Westward Journey".
What shocked him was that in addition to the name of the game and the style of the game, the world view of the game, including many characters in it, overlapped with the games they were developing, and even made him wonder whether there were commercial spies in the game development department of his company, revealing his situation.
It was not until he saw some relevant information on the Internet that he realized that "Fantasy Westward Journey" had already entered production last summer, a year earlier than them.
From this point of view, it seems like a two-step creative collision.
But is there really such a coincidence in the world?
The second update today ~
Some of the information comes from CADI.com Haiqing
Chapter completed!